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Claudio H. Dos Santos, Gennaro Zezza (2008) A Simplified, “Benchmark”, Stock-Flow Consistent Post-Keynesian Growth Model”, Metroeconomica, vol. 59, n. 3, pp. 441-478
Abstract: Despite being arguably one of the most active areas of research in heterodox macroeconomics, the study of the dynamic properties of stock-flow consistent (SFC) growth models of financially sophisticated economies is still in its first steps. This paper attempts to offer a contribution to this line of research by presenting a simplified SFC Post-Keynesian growth model with well-defined dynamic properties and using it to shed light on the merits and limitations of the current heterodox SFC literature.
Keywords: stock-flow-consistent growth models